"India's Russian Oil Imports Hit a Low as Sanctions and Payment Troubles Prompt Shift to Saudi Supply"

India's imports of Russian crude oil have declined due to stricter enforcement of G7 sanctions and payment complications, leading to tankers rerouting away from India. The U.S. has sanctioned vessels carrying oil priced above the G7 cap of $60 per barrel, affecting the trade of Russia's Sokol grade oil to India. The sanctions have resulted in India's Russian oil imports hitting an 11-month low in December, as the country grapples with the decision to dock sanctioned tankers.